Nuclear Power Safety Backups Market Global Market Opportunity Assessm oct 2016 | Page 2

REPORT DESCRIPTION

Rapid rise in the global demand for nuclear power is expected to boost the demand for nuclear power industry and thus
nuclear power safety backup market. New programs developed by governments worldwide are estimated to propel the
demand for nuclear power industry. Post-Fukushima, several governments have recommended installation of backup
generators for nuclear power plants to guard against floods and tsunami. Increasing number of countries worldwide is
introducing energy generation from nuclear power plants as a part of their generation mix. This is expected to boost the
demand for nuclear power safety backup devices for nuclear power plant in the future.
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The market for the global nuclear power plant safety backups can be segmented on the basis of the safety measures and
geography. The global market for nuclear power plant safety backups on the basis of safety measures can be segmented
as: a robust containment to prevent the release of radioactivity, a combination of active and passive to remove heat from
the core of the reactor, and shutdown systems and thus shutdown the reactor safely.
The International Atomic Energy Agency (IAEA) safety standards are likely to fuel an additional demand for nuclear power
plant safety backup worldwide. The safety standards establish fundamental safety measures, requirements and principles
to control radiation exposure, to restrict the likelihood of events in the future. Moreover, the safety standards fundamental
safety measures requirements and principles to control the release of radioactive material to the environment and to
mitigate consequences of such events in the future is expected to boost the demand for nuclear power plant safety
backups around the world.
The market for the nuclear power plant safety backup is rising and is expected to rise moderately in the future. The
following underlying factors are the key drivers of growth in the global nuclear power plant safety backup market. The
increasing share of nuclear power plants in the total power generation mix of the nations are the key drivers of growth in
the global nuclear power plant safety backup market. Rapid rise in global demand for energy along with depleting fossil
fuels is estimated to propel the demand for nuclear power plant safety backup measures and devices.
Increasing efforts by governments of both developing and developed nations to raise public awareness of safety tests and
reassure them of the safety of both existing as well as proposed plants. Deteriorating support for nuclear in the countries
(the U.S, Japan, France, Germany) could impede growth in the nuclear industry. However, IAEA’s safety standards are
anticipated to boost the global demand for nuclear power plant safety backups.